The Islamic finance industry is becoming one of the fastest growing components of the global financial system, with experts projecting growth rates of between 15 percent to 20 percent per annum.
The Middle East region, which has played a pivotal role in the development of the Islamic banking and finance industry internationally, is witnessing a rapid expansion in the market share of its Islamic financial institutions with billions of dollars moving from the conventional banking system to the Shariah model...............................................Full Article: Source